The Multi Camera System Market is estimated to be USD 700.7 Million in 2017 and is projected to reach USD 2,843.4 Million by 2025, at a CAGR of 19.13% from 2018 to 2025. The key growth drivers for the market are the increased emphasis of insurance companies on safety features, faster generation of real-time and reliable data from advanced driver assistance systems (ADAS), and the growth of autonomous and semi-autonomous vehicles.
The 2D display type segment is estimated to hold the largest market share in 2017. However, the 3D multi camera system is estimated to be the fastest growing market during the forecast period and is anticipated to grow at a rapid pace due to technological advancements. In addition, the technology-driven companies are using the 3D multi camera system as a tool for developing autonomous and semi-autonomous vehicles.
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